Nationwide photo voltaic companies supplier SunPower has made minority investments in two extra regional photo voltaic installers, EmPower Photo voltaic and Renova Power. With these investments, Renova (California) and EmPower (New York) are the most recent additions to SunPower’s Seller Accelerator Program. SunPower beforehand made minority investments in Freedom Photo voltaic Energy (Texas) and Sea Shiny Photo voltaic (New Jersey).
The Seller Accelerator Program gives high-potential photo voltaic sellers with capital financing and enterprise technique assist to speed up development and meet the growing house owner demand for photo voltaic nationwide. Sellers in this system solely promote trade SunPower photo voltaic methods, supply SunVault battery storage and leverage SunPower Monetary choices for photo voltaic financing.
“With an growing want for extra inexpensive and resilient vitality coupled with new federal incentives to undertake clear vitality, client demand for photo voltaic is at an all-time excessive. Via these investments, SunPower is enabling native sellers to seize this sturdy demand and develop their enterprise,” mentioned Peter Faricy, CEO at SunPower. “Renova and EmPower share SunPower’s dedication to high quality and repair, and we stay up for serving to them convey the advantages of photo voltaic to extra individuals throughout the nation.”
Renova Power employs over 300 individuals in Coachella Valley who put in 11.5 MW of solar energy in 2021 alone. Named SunPower’s “Residential Regional Prime Producer of the 12 months” in 2019 and winner of a coveted SunPower Intelegant award for set up design in 2020, Renova continues to guide in gross sales efficiency and craftmanship as a SunPower elite seller in California and Arizona.
“Since 2010, SunPower has acknowledged Renova Power’s dedication to bringing renewable vitality to each rooftop in our present territory,” mentioned Vincent Battaglia, CEO and Founding father of Renova Power. ”This funding comes on the proper time for the photo voltaic trade to achieve new heights, permitting us to proceed bringing essentially the most highly effective and environment friendly photo voltaic and battery storage expertise to properties and companies within the Southwest.”
EmPower Photo voltaic has served Lengthy Island and the larger New York space since 2003, serving to generate tens of millions for the area in financial exercise every year. In 2020, the corporate added an operations middle in Farmingdale, New York, to assist the fast growth of its residential photo voltaic division and has doubled its workforce since then. In 2021, EmPower Photo voltaic put in 7.79 MW of distributed photo voltaic and continued to offer five-star service to its present 5,000+ shoppers
Information merchandise from SunPower